Daily Archives: January 7, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 5th January, 2016 No. 52/2015-2020 Subject: Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments. F. No. 01/91/180/648/AM 09/Export Cell/909.—In exercise of the… Read More »

January 4, 2016 Whenever the GST comes, certain preparations are needed for introducing it. Also, along with the Budget, other taxes need to be reformed and procedures spruced up to accommodate such changes. Regarding the GST, as the rate will be revenue neutral, as far as possible, at the current level of tax, what needs… Read More »

January 7, 2016 The government said on Thursday it agreed to accept demands set by the Congress party to back a landmark tax reform, raising hopes a political standoff that blocked the measure throughout last year might be resolved. Parliamentary Affairs Minister Venkaiah Naidu also said the government was willing to bring forward the next… Read More »

Atal Mission Plans for Punjab and Uttarakhand for 2015-16 approved Punjab to invest Rs.720 cr in basic urban infra in 16 cities; Uttarakhand Rs.267 cr in 6 cities Central assistance of Rs.453 cr to both states Punjab reports best sewerage treatment infra in the country; Haridwar has the best infra in Uttarakhand Over Rs.20,000 cr… Read More »

EPFO’S Claim Settlement Crosses 90 Lakhs in the Current Fiscal EPFO Introduces UAN Based Simplified Claim Forms more than 2 Lakh Grievances Resolved by EPFO While taking stock of the performance of EPFO in the month of December it has been noted that for the period April to December 2015, EPFO settled 90.6 lakh claims. … Read More »

Government announces death of Mufti Mohammad Sayeed National Flag to fly at Half Mast today in Capitals of all States/UTs. The Government of India announces with profound sorrow the death of Shri Mufti Mohammad Sayeed, Chief Minister of J&K at AIIMS Hospital, New Delhi today. As a mark of respect to the departed leader, the… Read More »

MUDRA (SIDBI) Bank to undertake refinance operations and provide support services with focus on portal management and also data analysis; MFIs can now become Member Lending Institutions (MLIs) with MUDRA (SIDBI) Bank for refinance and with NCGTC for Credit Guarantee. The Union Cabinet had yesterday i.e. 6th January, 2016 approved creation of a Credit Guarantee… Read More »

FM: Indian economy has emerged as one of the fastest growing economies in the world with its GDP growth accelerated at 7.3 percent in 2014-15; Economy is firmly on the path of economic revival The Union Finance Minister Shri Arun Jaitley said that Indian economy has emerged as one of the fastest growing economies in… Read More »

Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs (CBEC) No.144/2015-CUSTOMS (N.T.), dated 17th December, 2015, except as respects things… Read More »

eNPS-Online Subscriber Registration and Contribution Facility under NPS developed In light of the Prime Minister’s “Digital India” campaign on promoting e-governance for providing last mile connectivity through extensive use of ICT (Information and Communications Technology) platforms, Pension Fund Regulatory Development Authority (PFRDA) has been pursuing the development and operationalization of online transaction facilities for the… Read More »

Government brings paradigm shift in the approach for faster implementation under ‘ Namami Gange ‘ programme The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal for taking up Hybrid Annuity based Public Private Partnership (PPP) model under Namami Gange Programme which aims to reform the wastewater sector in India.… Read More »

Shri Venkaiah Naidu reviews implementation of urban development and affordable schemes Directs senior officials to visit States more regularly to enable effective implementation Stresses on capacity building and fund transfer to urban local bodies. DDA asked to focus on improving quality of construction Minister of Urban Development and Housing & Urban Poverty Alleviation Shri M.Venkaiah… Read More »

Cabinet approves transfer of land from Farakka Barrage Project to Inland Waterways Authority of India for construction of a new navigational lock parallel to the existing navigational lock at Farakka The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval to transfer of 14.86 hectares of land from Farakka Barrage… Read More »

Shri Nitin Gadkari inaugurates the first River Information System of India Union Minister of Shipping, Road Transport and Highways Shri Nitin Gadkari inaugurated the River Information System (RIS) System at a function in New Delhi today. The first of its kind in India, the new system will facilitate safe and accurate navigation on National Waterway… Read More »

Follicle Stimulating Hormone (FSH) would induce Fertility among Male: Says Prof Manuela Simoni A Senior Researcher on the Subject at the India Science Congress “One third of the infertility in the world is due to the male reproductive problems. Follicle Stimulating Hormone (FSH) can used to induce fertility in hypogonadotropic hypogonadism and in male idiopathic… Read More »

Basic Sciences Needed for the Success of ‘Make In India’ Opines Nobel Laureates Advances in Basic sciences would be essential for applications. This was repeatedly emphasized by two Nobel laureates-Prof David Gross and Prof Serge Haroche, both Noble prize winners in Physics, as they delivered Nobel laureates talk at the 103rd Indian Science Congress in… Read More »

Cloud Computing Would be a Solution for BIG Data Problem Opines Experts at the Indian Science Congress Being Held at Mysore With over 2.5 quintillion bytes created every day, data storage and analysis has become a great challenge. Addressing “Big Data and Cloud Computing in Agri-Bioinformatics” in the plenary talk session of 103rd Indian Science… Read More »

NHAI Cracks Down on Overloading In a major move to deter plying of overloaded vehicles on highways, the National Highways Authority of India (NHAI) has decided to force them off the roads till the extra load is removed at the cost and risk of the transporters. This will be in addition to levying of penal… Read More »

Government decides to directly shift from BS-IV to BS-VI Emission norms Ministry of Road Transport & Highways has decided to leapfrog from BS-IV to BS-VI emission norms directly by 01.04.2020. A unanimous decision was taken today in a meeting chaired by Minister of Road Transport & Highways and Shipping Shri Nitin Gadkari and attended by… Read More »

Minister of Railways Shri Suresh Prabhu inaugurated, renovated National Rail Museum Renovated National Rail Museum was inaugurated and dedicated to the Nation yesterday i.e. 5thJanuary 2016 by the Minister of Railways Shri Suresh Prabhakar Prabhu in the august presence of the Minister of State for Railways Shri Manoj Sinha. On this occasion National Rail Museum… Read More »

‘ Anubhav ’ – showcasing outstanding work done during service The Department of Pension & Pensioner’s Welfare has launched an online software, ‘ Anubhav ’ for showcasing outstanding work by retiring employee and sharing experience of working with the Government. The software has been launched on the directions of the Prime Minister Shri Narendra Modi.… Read More »

Union Home Minister inaugurates 7th National Conference on Women in Police Women Recruitment in Police to be increased to 33 percent Union Home Minister Shri Rajnath Singh inaugurated the 7th National Conference on Women in Police at CRPF Academy, Kadarpur, Gurgaon today. The three day Conference (Jan 6- 8, 2016) is being attended by about… Read More »

Cabinet approves creation of a Credit Guarantee Fund for MUDRA loans – A boost to refinance operations The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval for the creation of a Credit Guarantee Fund for Micro Units Development Refinance Agency (MUDRA) loans and to convert MUDRA Ltd. into MUDRA… Read More »

Cabinet approves Stand Up India Scheme A boost to promote entrepreneurship among SC/ST and Women The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the “Stand Up India Scheme” to promote entrepreneurship among SC/ST and Women entrepreneurs. The Scheme is intended to facilitate at least two such projects per bank branch,… Read More »

644 Declarations involving Rs. 4,164 crore made under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 A total of 644 declarations have been made under the compliance window provided in the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 which closed on 30th September,… Read More »

Finance Minister: Due to various policy measures undertaken by the present Government, Indian Economy has achieved robust growth rate despite volatility and uncertainty in global economy; asks Captains of Indian Trade and Industry to come forward and make increased Private Investment especially in Infrastructure Sector . The Union Finance Minister Shri Arun Jaitley said that… Read More »

Terrorist Attack at AIR Force Station Pathankot On receipt of intelligence inputs of a likely attempt by terrorists to infiltrate into military installations in Pathankot area, Air Force Station Pathankot was put on heightened alert status. Air warriors were issued arms and ammunition to protect vital assets. Air Force Garud Special Forces were reinforced from… Read More »

Memorandum of Understanding between India and Bangladesh and Mode of Operation of Border Haats for setting up of Border Haats of India-Bangladesh Border and addendum to the MoU signed earlier The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its ex-post-facto approval for the Memorandum of Understanding (MoU) between India and… Read More »

Signing of MoU between India and Singapore in the field of Civil Aviation The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its ex-post facto approval for signing a Memorandum of Understanding (MoU), which was signed in November, 2015 between Airports Authority of India (On behalf of Government of India) and… Read More »

Four laning of Nagina-Kashipur section of National Highway – 74 in Uttarakhand and Uttar Pradesh The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for development of the four laning of the Nagina-Kashipur section of National Highway – 74 in Uttarakhand and Uttar Pradesh. This work… Read More »

Updation of TaxHeal on daily basis takes lot of time and effort .Donations help me to continue support and development of this free website.If you like TaxHeal and you gained something, isn’t that worth a coffee or two? Please consider donating via PayPal